Part of the reason for the success of Facebook is:
A. the avoidance of a positive externality.
B. a strong negative network externality.
C. a strong positive network externality.
D. the avoidance of a negative externality.
Answer: C. a strong positive network externality.
You might also like to view...
Refer to the graph shown, which depicts a perfectly competitive firm. When maximizing profit, the firm represented will earn per-unit profit roughly equal to:
A. $10. B. $7.50 C. $5. D. $2.00.
When the demand for a product decreases but the supply of the product remains unchanged,
A. the price of the product will rise and quantity will decrease. B. the price of the product will be unaffected. C. the price of the product will fall and quantity will remain the same. D. the price of the product will fall and the quantity will fall.
In practice, the Fed's policy of targeting money market conditions in the 1960s proved to be
A) countercyclical, helping to stabilize the economy. B) procyclical, destabilizing the economy. C) procyclical, helping to stabilize the economy. D) countercyclical, destabilizing the economy.
The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance. B. determine monetary and fiscal policy in developing countries. C. determine exchange rates for developing countries. D. buy and sell the currencies of developing countries in order to stabilize their value.